JLL (Jones Lang Lasalle Global Real Estate Consulting) reports that the office market in Hanoi and Ho Chi Minh City has different fluctuations, with positive signals in the Grade A office segment in the first 3 months of 2024 in the two cities.

Ho Chi Minh City “stands still”

In the first 3 months of 2024, the net absorption area of ​​Grade A offices in the central area reached about 5,000m2, led by good absorption rates and new lease contracts for high-quality new office floors.

This shows that tenants are starting to shift from older buildings to newer and higher-quality buildings, showing a preference for premium spaces in green-certified buildings. Meanwhile, the net absorption area in the non-central area remained unchanged compared to the previous quarter and there were no notable fluctuations.